ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

Thomas Cook – SELL

Share On Facebook
share on Linkedin
Print

Why should we go short on Thomas Cook (LSE:TCG)? It is because the selling pressure in the market is increasing. There has been some serious short-selling in the market, and certain private traders want to sell accordingly? If an elephant trumpets, would you also expect its calf to trumpet?

The price on the chart has crossed the EMA 21 to the downside and closed below it, while the Williams’ Percentage Range was shot into the oversold region (below -80) before bouncing upwards. The present weak rally in the price, coupled with the Williams’ % Range bounce from the oversold region, gives an opportunity to sell at a better price.

We got to determine to keep on gathering as much information as possible about the markets, but not hoping the results to be an instant thing. We never can envisage how soon permanent success can come to us, since it got to do with an individual trader. Anyone standing for an instant gratification would eventually attain less speed with more haste or may not even achieve any speed. That is why it is great not to look for instant gratification, for the ultimate thing in trading is not instant gratification, and it is something that can be done away with.

This article is ended with the quote below:

“We can never be fully prepared for all of the potential negative events which impact price action. We need to have a strong defensive plan in place from the start to assure that we will be able to remain in the market and have the opportunity to make up for losses which occur after those events.” – Brian Shannon (TRADERS’ February 2013, www.tradersonline-mag.com)

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com